Strategy Adds 3,081 BTC Worth $357M

Strategy purchased 3,081 bitcoin for $357 million, raising its corporate holdings to 632,457 BTC worth over $70 billion, with $23.5 billion in unrealized gains.

Another major bitcoin acquisition

Bitcoin treasury company Strategy announced a new purchase of 3,081 BTC, worth $356.9 million, according to its SEC filing on Monday. The average purchase price was $115,829 per coin.

With this addition, Strategy’s total bitcoin holdings reached 632,457 BTC, worth over $70 billion at current market prices. The company’s average acquisition cost stands at $73,527 per BTC, bringing its total spending to roughly $46.5 billion, including fees. This implies unrealized gains of about $23.5 billion.

Funding through equity and preferred programs

The firm funded its latest purchases through at-the-market (ATM) share sales and preferred stock issuances. Between August 18 and 24, Strategy raised more than $356 million by selling common and preferred shares, including STRK, STRF, and STRD.

The company’s funding model includes:

• issuing common shares via its ATM program;
• preferred stock paying 8–10% coupons;
• maintaining large unused capacity for future purchases.

Analysts highlight that Strategy’s ability to issue equity at a premium to its bitcoin-per-share NAV provides lower-cost capital to expand its treasury.

Strategy leads among public bitcoin holders

According to The Block’s data, Strategy now controls nearly 3% of bitcoin’s total 21 million supply, making it the largest public holder. Other companies with sizable reserves include MARA, Riot Platforms, Galaxy Digital, Trump Media, and Metaplanet.

Despite recent volatility in MSTR stock, Strategy remains the clear pace-setter for corporate bitcoin adoption, cementing its reputation as the leading bitcoin treasury company.